Shares of Eagle Bancorp, Inc. (NASDAQ:EGBN – Get Free Report) have received an average recommendation of “Hold” from the six analysts that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, one has assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $26.00.
A number of equities research analysts have recently issued reports on the company. Zacks Research cut Eagle Bancorp from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 5th. Piper Sandler boosted their price objective on Eagle Bancorp from $27.00 to $29.00 and gave the stock a “neutral” rating in a report on Monday, April 27th. Wall Street Zen upgraded Eagle Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, March 14th. UBS Group set a $25.00 price objective on Eagle Bancorp in a report on Tuesday, January 27th. Finally, Raymond James Financial initiated coverage on Eagle Bancorp in a report on Tuesday, April 14th. They issued a “strong-buy” rating and a $32.00 price objective for the company.
Check Out Our Latest Research Report on Eagle Bancorp
Hedge Funds Weigh In On Eagle Bancorp
Eagle Bancorp Trading Down 2.4%
Shares of NASDAQ:EGBN opened at $24.47 on Friday. Eagle Bancorp has a 12-month low of $15.03 and a 12-month high of $29.26. The stock has a market cap of $746.34 million, a PE ratio of -6.46 and a beta of 0.96. The business has a 50 day moving average of $25.65 and a 200-day moving average of $23.22. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.07.
Eagle Bancorp (NASDAQ:EGBN – Get Free Report) last issued its quarterly earnings data on Wednesday, April 22nd. The financial services provider reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.20. Eagle Bancorp had a negative return on equity of 10.03% and a negative net margin of 18.65%.The company had revenue of $76.40 million during the quarter, compared to analysts’ expectations of $77.37 million. As a group, equities research analysts forecast that Eagle Bancorp will post 1.79 earnings per share for the current year.
Eagle Bancorp Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Monday, May 4th were issued a $0.01 dividend. The ex-dividend date of this dividend was Monday, May 4th. This represents a $0.04 annualized dividend and a yield of 0.2%. Eagle Bancorp’s payout ratio is currently -1.06%.
Eagle Bancorp Company Profile
Eagle Bancorp, Inc is the bank holding company for EagleBank, a commercial bank headquartered in Bethesda, Maryland. Since its founding in 1998, the company has focused on serving businesses and consumers in the Washington, DC metropolitan area. EagleBank operates a network of full-service branches and commercial banking centers, providing personalized financial solutions to corporate, nonprofit, real estate and individual clients.
The company’s product portfolio includes commercial real estate lending, construction and land development financing, small business administration (SBA) loans, commercial and industrial credit facilities, and residential mortgage loans.
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